Sr. Loan Officer

E nterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves.

Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.

S. Virgin Islands - all to make home and community places of pride, power and belonging.

Join us at enterprisecommunity.org

Working at Enterprise

At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field.

You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey.

Enterprise offers career opportunities in our offices across the country with an exceptional benefits package .

Job Description Summary

Enterprise Community Loan Fund (ECLF) is a certified community development financial institution and a member of the Enterprise family of companies.

Since its founding in 1982, Enterprise, our controlling entity, has raised and deployed $54 billion in equity, grants, and loans to support low-income people and low-income communities including building or preserving 873,000 affordable rental homes.

For more information about Enterprise, please visit our website at www.enterprisecommunity.org.

Enterprise Community Loan Fund has an immediate opening for a Senior Loan Officer position. The position would have lending responsibilities throughout Enterprise's national footprint and will be based in Columbia, MD, New York City, Los Angeles, Seattle, Atlanta, Chicago, Denver, Cleveland, Detroit, San Francisco, New Orleans, or Washington, DC.

Reporting to the Director of Lending, the Senior Loan Officer (SLO) is responsible for underwriting loan requests in support of community development projects with particular emphasis on community facilities (including federally qualified health centers and charter schools), and / or climate lending for affordable housing.

Loans will include predevelopment, construction, mini-perm, bridge, New Market Tax Credits leverage loans and mini-perm loans.

Climate lending will include solar development, green retrofit of operating properties, and other decarbonization activities.

The Senior Loan Officer is also expected to be the lead on occasional special lending and other company initiatives and to collaborate with other Enterprise Community Partners divisions.

The SLO is expected to develop and maintain external relationships with community development organizations, public funders, affordable housing developers, and other stakeholders operating in the regions the SLO covers.

The position requires an experienced professional with strong analytical, financial and relationship management skills.

Job Description

Responsibilities :

• Contribute to production goals by identifying lending opportunities and originating new loans upon referral through the Enterprise system and external partners.
• Structure and negotiate financing proposals and prepare comprehensive written loan packages for review and approval by management or Loan Committee for both direct financing by ECLF and financing through various off-balance sheet funds.
• Analyze third party due diligence reports, including appraisals, plan & cost reviews, environmental reports, market assessments, energy audits, and solar feasibility studies to determine transaction viability and appropriate loan structure.
• Coordinate the preparation of commitment letters and loan documents with attorneys.
• Manage the closing process, including internal and external closing counsel, and the collection, review, approval and execution of all closing items.
• Manage a limited number of existing loans in the portfolio.
• Maintain loan files in audit-ready condition to ensure accuracy and completeness.
• Work cooperatively with local and regional staff from other Enterprise capital groups and non-capital divisions to coordinate and leverage Enterprise resources, grants, loans and equity to advance projects.
• Advance the organization's core goals under its strategic plan : Increasing housing supply, advancing racial equity, and building resilience and upward mobility.
• Maintain up to date entry of activity in ECLF's Salesforce system.
• Assist with other projects as needed.

Qualifications :

• Undergraduate degree required; advanced degree in business, finance, sustainability or related field preferred.
• Five (5) years of lending experience, with three (3) years of community development real estate underwriting required. Experience in some combination of the following areas will be valuable : Federally Qualified Health Centers, Charter Schools, New Markets Tax Credit transactions, affordable housing finance, solar development, energy efficiency, decarbonization, and renewable energy finance.
• Ability to work independently in preparing and negotiating complex, multi-layered transactions and balancing the programmatic needs of community-based organizations with sound underwriting judgment and risk mitigation.
• Ability to prioritize and manage multiple projects and assignments, meet tight deadlines, and coordinate and communicate effectively across all levels of a large organization.
• Strong business development, writing, analytical, communication, and problem-solving skills, with expertise in Excel and working knowledge of Salesforce.
• Familiarity with federal, state and local community development programs, particularly programs that finance affordable housing, community facilities, and decarbonization activities.
• Ability to travel up to 15% of the time.

Total Rewards at Enterprise :

You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing.

Enterprise offers a comprehensive total rewards package for you and your family.

The base salary for this role is $140,000 to $160,000, depending on level of skills and experience.

The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position.

Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance.

The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs.

At Enterprise, our benefits form a major component of our total rewards package. Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care.

Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits.

We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions.

Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications.

Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.